UPDATE TCP target reached at R6.88 next target R11.00
Since the last update, Transaction Capital made a breakaway gap.
It then reached and tested the supports and bottoms at R4.06.
Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money.
This sent the price flying up to close the gap and to the first target of R6.88.
With the gap closed, we can now see a new formation (Rounding Bottom 2) forming.
And if the price stays above R6.88, the next target will be at R11.00.
I'm bullish with TCP.
It then reached and tested the supports and bottoms at R4.06.
Once it tested, it formed a Rounding Bottom and was shown to be buying from Smart Money.
This sent the price flying up to close the gap and to the first target of R6.88.
With the gap closed, we can now see a new formation (Rounding Bottom 2) forming.
And if the price stays above R6.88, the next target will be at R11.00.
I'm bullish with TCP.
✅ Facebook:
facebook.com/groups/matitrader
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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